For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.2829 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.2826, with the USD trading 0.02% lower from Friday’s close.
The pair is expected to find support at 1.2784, and a fall through could take it to the next support level of 1.2741. The pair is expected to find its first resistance at 1.2893, and a rise through could take it to the next resistance level of 1.2959.
Amid no major macroeconomic releases in Canada today, investors will focus on global macroeconomic factors for further cues.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
